I find it amusing that the article says - "The deal will combine two unprofitable companies...".
So I guess the thinking is that two negatives make a positive? -Mike -----Original Message----- From: Dorn Hetzel [mailto:d...@hetzel.org] Sent: Monday, April 11, 2011 10:26 AM To: Jay Ashworth Cc: NANOG Subject: Re: Level 3 Agrees to Purchase Global Crossing On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth <j...@baylink.com> wrote: > ----- Original Message ----- > > From: "William Allen Simpson" <william.allen.simp...@gmail.com> > > > > http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-global-crossing-in-deal-valued-at-1-9-billion.html > > > > The deal will combine two unprofitable companies with total revenue of > > $6.26 billion as of last year, and cut annualized capital spending by > > about $40 million, according to the statement. It will also help > > reduce > > the pressure on prices, which have declined by as much as 30 percent a > > year in the industry, said Donna Jaegers, an analyst at DA Davidson & > > Co. > > Let me see if I have that straight. > > We're *admitting* in public that the result will be to make prices go up > for > customers? Wow... Justice is going to have a field day with that. > > Cheers, > -- jra > > Well, maybe they're just admitting it will slow the rate at which prices go down :)
